BNP Paribas Securities Services recently announced that it has opened new offices in Colombia and Chile and appointed local experts in the two markets. It extends the custody bank's on-the-ground presence to 34 locations across the globe.

The move means that BNP Paribas can now give banks, brokers, and institutional investors in Colombia and Chile access to the world through its global custody product offering and market distribution support, as well as market and financial services. The bank will also use its local market expertise in the two markets to service other global banks and institutional investors wishing to operate or invest in Colombia and Chile.